Question $4$ of $4$

$\frac{-}{15},$vdots$-=,$

View Policies

Current Attempt in Progress

Sheridan Company sells office equipment on July $31,2022,$ for $$18,400$ cash. The office equipment originally cost $$73,700$ and as of January $1,2022,$ had accumulated depreciation of $$42,500.$ Depreciation for the first $7$ months of $2022$ is $$4,950.$

Prepare the journal entries to $($a$)$ update depreciation to July $31,2022,$ and $($b$)$ record the sale of the equipment. $($Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select $"$No Entry" for the account titles and enter $0$ for the amounts.$)$

No$.$ Account Titles and Explanation

$($a$)$

$($b$)$

eTextbook and Media

List of Accounts

Debit

Credit